Today's posts from our featured Port Elizabeth Blogger: Things to do in Port Elizabeth this summer - Grab a backpack and take a hike: There is an Afrikaans folk song that goes, Dis heerlike Lente, die Winter's verby... (It's time for Spring now that Winter has passed - doesn't quite roll off the tongue the same in English though) which means Summer is fast approaching. Longer days, better weather and spending more time outdoors over weekends. Plus the holiday season is coming … [Read more...] about Things to do in Port Elizabeth this summer – Grab a backpack and take a hike – Featured Blog
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Mt Charleston NV – Hiking Fletcher Canyon (Family Hike)
Visit and explore Mount Fletcher accommodation choices. Click here to submit your favourite Eastern Cape Videos. A MyPE Mount Fletcher selected video for you: A nice family hike up Fletcher Canyon, which is located in the Mt. Charleston area. It was a gorgeous day of 70 degree weather and a slight breeze. We encountered a few makeshift shelters along the way. Enjoy! Click HERE to find more 'Mount Fletcher' videos. Mount Fletcher video selected based on a … [Read more...] about Mt Charleston NV – Hiking Fletcher Canyon (Family Hike)
Could we be in store for a VAT hike?
A looming ratings downgrade, the falling rand and rising inflation means that the National Treasury will have to hike taxes even more significantly this year than in the previous few years. And much of this burden will land on consumers' shoulders, warned Old Mutual Investment Group senior economist, Johann Els, ahead of Wednesday's 2016 Budget address. To prevent a downgrade to SA's debt, the government would need to make some difficult decisions that will reduce the budget deficit faster … [Read more...] about Could we be in store for a VAT hike?
How the US Fed hike could impact South African markets
Port Elizabeth on MyPR: In anticipation of the US Federal Reserve bank hiking its benchmark Fed Funds interest rate, the first rate hike in the US in almost a decade, the South African Reserve Bank took proactive action by hiking the interest rate by 25 basis points at the last Monetary Policy Committee meeting. This was an attempt to lessen the residue effect that the hike would have on the South African market. Some economists believe that the reaction of the US equity markets to the hike … [Read more...] about How the US Fed hike could impact South African markets
Expect another rate hike
It is not a great environment for consumers going forward, according to economist Sanisha Packirisamy of MMI. There is likely to be a further 25 basis point interest rate hike by the SA Reserve Bank (Sarb) during the course of 2016, in her view. She foresees this happening despite what she describes as a pedestrian growth rate in SA, stubborn inflation expectations, an expected widening of the current account deficit and a rising inflation profile. In her view it was the right thing for … [Read more...] about Expect another rate hike
Interest rate hike expected
A 25 basis point interest rate hike can be expected at Thursday's meeting of the Monetary Policy Committee (MPC) of the SA Reserve Bank (Sarb), according to Peter Attard Montalto, Nomura analyst. "Rewinding to the last meeting, it is clear that two out of the six members were happy enough to hike rates then (by 25bp). We believe they were Deputy Governor Daniel Mminele and Deputy Governor Kuben Naidoo," said Montalto. "We believe there is no substantive reason for those two to not back a … [Read more...] about Interest rate hike expected
